It depends on what the entries on the K-1 are as to whether it represents income for tax purposes. If you can clarify for us which boxes have entries in them we can help you better. You can start online with the free TurboTax and if you need to upgrade to enter your tax documents the program will upgrade automatically. You will likely need the Deluxe version of TurboTax to enter a schedule K-1 though.
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